TD Waterhouse Canada Inc. Purchases 13,175 Shares of Waste Management, Inc. (NYSE:WM)

TD Waterhouse Canada Inc. grew its position in Waste Management, Inc. (NYSE:WM - Free Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,001 shares of the business services provider's stock after buying an additional 13,175 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Waste Management were worth $22,186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Barclays PLC increased its position in Waste Management by 12.8% during the 3rd quarter. Barclays PLC now owns 2,433,408 shares of the business services provider's stock valued at $505,175,000 after purchasing an additional 276,287 shares during the period. McIlrath & Eck LLC increased its holdings in Waste Management by 0.7% during the third quarter. McIlrath & Eck LLC now owns 12,706 shares of the business services provider's stock valued at $2,638,000 after buying an additional 84 shares during the period. Aldebaran Financial Inc. raised its stake in Waste Management by 4.6% in the third quarter. Aldebaran Financial Inc. now owns 11,210 shares of the business services provider's stock worth $2,327,000 after buying an additional 489 shares in the last quarter. World Investment Advisors LLC boosted its position in Waste Management by 245.6% during the 3rd quarter. World Investment Advisors LLC now owns 9,413 shares of the business services provider's stock valued at $1,954,000 after acquiring an additional 6,689 shares in the last quarter. Finally, Arvest Bank Trust Division purchased a new position in shares of Waste Management in the 3rd quarter valued at $562,000. Institutional investors own 80.40% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on WM. Citigroup raised their price objective on Waste Management from $242.00 to $255.00 and gave the company a "buy" rating in a research report on Monday, February 3rd. Raymond James raised their price target on shares of Waste Management from $235.00 to $237.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Oppenheimer boosted their price objective on shares of Waste Management from $231.00 to $237.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Scotiabank lifted their price target on shares of Waste Management from $255.00 to $260.00 and gave the stock a "sector outperform" rating in a report on Tuesday, April 8th. Finally, StockNews.com lowered Waste Management from a "buy" rating to a "hold" rating in a report on Friday, January 31st. Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $237.76.

Insider Activity at Waste Management

In other news, CEO James C. Fish, Jr. sold 44,405 shares of the firm's stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $228.43, for a total transaction of $10,143,434.15. Following the sale, the chief executive officer now directly owns 211,061 shares in the company, valued at $48,212,664.23. This trade represents a 17.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO John A. Carroll sold 209 shares of the company's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $220.55, for a total value of $46,094.95. Following the completion of the transaction, the chief accounting officer now directly owns 9,066 shares of the company's stock, valued at $1,999,506.30. The trade was a 2.25 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 95,577 shares of company stock worth $21,662,464. 0.18% of the stock is owned by corporate insiders.

Waste Management Price Performance

Shares of NYSE WM opened at $230.84 on Monday. Waste Management, Inc. has a 52 week low of $196.59 and a 52 week high of $239.32. The business's 50 day moving average price is $227.89 and its 200 day moving average price is $219.11. The company has a quick ratio of 0.85, a current ratio of 0.76 and a debt-to-equity ratio of 2.73. The firm has a market cap of $92.87 billion, a P/E ratio of 33.95, a P/E/G ratio of 2.71 and a beta of 0.66.

Waste Management (NYSE:WM - Get Free Report) last released its quarterly earnings data on Wednesday, January 29th. The business services provider reported $1.70 earnings per share for the quarter, missing analysts' consensus estimates of $1.79 by ($0.09). Waste Management had a return on equity of 37.93% and a net margin of 12.45%. On average, sell-side analysts expect that Waste Management, Inc. will post 7.7 earnings per share for the current year.

Waste Management Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a $0.825 dividend. This is an increase from Waste Management's previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.30 dividend on an annualized basis and a dividend yield of 1.43%. Waste Management's dividend payout ratio is presently 48.53%.

About Waste Management

Waste Management, Inc, through its subsidiaries, engages in the provision of environmental solutions to residential, commercial, industrial, and municipal customers in the United States and Canada. It offers collection services, including picking up and transporting waste and recyclable materials from where it was generated to a transfer station, material recovery facility (MRF), or disposal site; and owns and operates transfer stations, as well as owns, develops, and operates landfill facilities that produce landfill gas used as renewable natural gas for generating electricity.

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